Flurry of Global ETF Launches in Early 2001              Page 2

Goin' Global

There are currently three Trackers ETFs that trade on Euronext based on the following indexes:

  • Dow JonesSTOXX 50 Index (launched 1/15/2001)
  • Dow Jones EURO STOXX 50 Index (launched 1/15/2001)
  • CAC 40 Index (launched 1/22/2001)

Euronext is a new exchange created by the merger of the Amsterdam, Brussels, and Paris exchanges - NextTrack is the segment of the exchange on which Trackers, the European version of ETFs, will be traded.

Merrill Lynch Investment Managers is the manager for STOXX 50 LDRS and EURO STOXX 50 LDRS, which both have annual management fees of 0.50%. Lyxor International Asset Management is the fund manager for the Master Share CAC 40, which has an annual expense ratio of 0.30%.

Euronext released the following statistics for the three existing Trackers ETFs.

 
EURO STOXX 50
(from 01/15 to 01/29)
STOXX 50 (from 01/15 to 01/29)
CAC 40  (from 01/22 to 01/29)
Daily Average Volume *
91,719
19,908
651,625
Daily Average Turnover **
4,352,697
898,064
38,241,846
Total Volume*
917,194
199,076
3,258,126
Total Turnover **
43,527,160
8,980,460
191,209,289
* in number of shares
** in Euros
Source: Euronext

The Beat Goes On

To find out about other recent ETF launches and developments too numerous to list here, please visit our ETFzone. For a year-end review of of ETFs in 2000, check out a recent article by Financial Research Corporation.

01/30/2001